1 (800) 308-4358

Virginia
Consumer Finance Company Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $25,000 - $500,000
Term Length: 1 year
Select Bond For Price*
Most Bonds Processed In 24 Hours Or Less
Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.

Best Prices

We shop the top surety markets to find you the best rate.

Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Trustpilot

Virginia Consumer Finance Company Bond Guide

If you’re applying for a consumer finance company license in Virginia, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure companies uphold state regulations and operate ethically
  • Who Needs It: All consumer finance companies in Virginia
  • Regulating Body: The Virginia State Corporation Commission, Bureau of Financial Institutions
  • Required Coverage: $25,000–$500,000
  • Premium Rate: $250 up to $25k, 1–3% for larger bonds

Learn all about the bond requirements and process in this guide. 

What Is a Virginia Consumer Finance Company Bond?

A Virginia consumer finance company bond protects borrowers against fraud or theft from personal lenders. 

All consumer finance companies in Virginia must file a minimum $25,000 surety bond for licensing. Verify your specific bond amount with the State Corporation Commission. 

How Much Do Consumer Finance Company Bonds Cost?

Consumer finance company bond coverage up to $25,000 costs a flat rate of $250. Or, you can save 25% by selecting a multi-year term. Click below to buy your bond in minutes! 

If you need a bond greater than $25,000, your premium will cost a small percentage of the coverage amount, typically 1–3%. Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$25,000Consumer Finance Company Bond
$25,001-$500,000Consumer Finance Company Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Virginia consumer finance company bond instantly online for coverage up to $25,000. Just enter your information and checkout in minutes. 

For higher bond amounts, follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the State Corporation Commission as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Virginia Consumer Finance Company Bond Work? 

A consumer finance company bond creates a legal contract between these three parties: 

  1. Principal: You, the consumer finance company filing the bond
  2. Obligee: The Virginia State Corporation Commission requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Virginia Code Title 6.2, Chapter 15. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your consumer finance company bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

or